euro adhoc: Valora Holding AG
Buybacks
Valora completes share buyback
programme successfully and ahead of schedule. Annihilation of repurchased shares
to be proposed to AGM.
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
02.03.2009
Valora completes share buyback programme successfully and ahead of schedule. Annihilation of repurchased shares to be proposed to AGM.
Valora Holding AG has successfully completed the share buyback programme commenced on July 1, 2008 and ahead of schedule. In accordance with the resolution approved by the General Meeting of Shareholders on April 29, 2008, a total of 500,000 shares of Valora Holding AG were repurchased (representing 15.2% of the total shares in issue) for a total of CHF 99.945 million. This equates to an average repurchase price of CHF 199.89 per share.
The shares were repurchased via a second trading line set up for this purpose on the SIX Swiss Exchange trading platform.
At the forthcoming General Meeting scheduled for April 29, 2009, the Board of Directors will recommend that the company´s issued share capital be reduced by the amount represented by the repurchased shares.
Valora will make further information available at its annual results conference to be held on April 2, 2009.
end of announcement euro adhoc
Further inquiry note:
Investor Relations: Phone: +41 58 789 12 20
Mladen Tomic E-mail: mladen.tomic@valora.com
or
Media Relations: Phone: +41 58 789 12 01
Stefania Misteli E-mail: stefania.misteli@valora.com
Branche: Retail
ISIN: CH0002088976
WKN: 208897
Börsen: SWX Swiss Exchange / official market
BX Berne eXchange / official dealing